Turkey faces threat of inflation and currency crisis after the pound falls

ANKARA: The Central Bank of Turkey meeting was held on Thursday amid heated debates over high interest rates and the continued depreciation of the Turkish lira against foreign currencies. As expected, the central bank cut rates by another 100 basis points, pushing the pound down to a new all-time low. …

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IMF warns enaira could reduce demand for commercial bank deposits

The International Monetary Fund (IMF) has warned that the eNaira portfolio could reduce “the demand for deposits in commercial banks”. This was disclosed in an IMF report titled: “Country Focus; Five observations on the digital currency of the central bank of Nigeria. ‘ The IMF has advised the Central Bank …

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Five Observations on Nigeria’s Central Bank’s Digital Currency

Nigeria’s central bank’s new digital currency, eNaira, is expected to increase financial inclusion and facilitate remittances, but the potential risks will need to be managed. (Photo: André M. Chang / ZUMAPRESS / Newscom) Five Observations on Nigeria’s Central Bank’s Digital Currency By Jack Ree IMF Africa Department November 16, 2021 …

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Global Industry Analysis by Top Companies – GLORY, Giesecke & Devrient, Cassida, AccuBANKER, Dri Mark and many more … – Clark County Blog

Counterfeit banknote detection market The 2021 report presents the highest quality analysis of segments in growth sectors and competition by types, applications, major regions and countries. The Counterfeit Banknote Detection market research study presents innovations with management strategies, market drivers, industry challenges and threats. It keeps track of all growth …

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SBP increases liquidity reserve requirements for commercial banks

The State Bank of Pakistan has decided to increase the average cash reserve requirement from 1% to 6% for commercial banks in an effort to control rising inflation. The central bank raised the cash reserve ratio of banks for the first time in 13 years in an effort to reduce …

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Can central bank digital currency lead to cryptocurrency collapse

The idea of ​​central bank digital currencies is not new, as central bankers around the world are discussing this topic, and even the International Monetary Fund, as Managing Director Christine Lagarde, discusses the downsides and pros of the idea. The need to have this conversation has now become pervasive. In …

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UK to consult on possible central bank digital currency

A person walks past the Bank of England in London, Britain on October 31, 2021. REUTERS / Tom Nicholson / File Photo LONDON, Nov. 9 (Reuters) – The Bank of England and the UK Department of Finance announced on Tuesday that they would hold a formal consultation next year on …

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MTN and Airtel as Payment Services Banks: Should Commercial Banks be Worried?

The major Nigerian telecommunications companies, MTN Nigeria and Airtel Africa, have received “Approval in Principle” (AIP) from the Central Bank of Nigeria to operate as payment services banks. Payment service banks are banks that accept deposits from individuals and small businesses, provide payment and transfer services in Nigeria, issue debit …

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Singer Namewee Made $ 1.1 Million In Virtual Currency Selling Songs In Form Of NFT, Entertainment News & Top Stories

TAIPEI – Malaysian singer Namewee, who sparked controversy with his satirical song Fragile, became a millionaire overnight through the sale of non-fungible tokens (NFTs). Last month, his duet with Australian singer Kimberley Chen went viral due to his sharp references to Chinese leader Xi Jinping and sensitive topics such as …

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PM Marape supports idea of ​​national commercial banks in PNG

Prime Minister James Marape said there was room for more commercial banks in Papua New Guinea. He said this in Port Moresby last Thursday (November 4, 2021) during the launch of PNG Bank’s SME crowdfunding movement online project of PNG Think Tank Group Inc. PM Marape launches the online project …

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